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El Salvador Pledges $770 million for Public Investment in 2012

Posted about 5 years ago

Article Summary:

The El Salvadorean Government has set a goal for this year of spending at least 70% of the $ 1.1 Billion budgeted for public investment.

Original Article Text From Prensa Grafica via Google Translate :

GOES Search run for 70% of the Investment

The Government has set a goal for this year running 70% of the $ 1.1 Billion budgeted for public investment. The figure was revealed yesterday by Guillermo Lopez Suarez, Special Coordinator for the monitoring and implementation of public investment and Minister of Agriculture.

Achieving this rate implies a higher effort than in previous years, this official recognition.

In fact, said that during the first cabinet of this year, President Funes urged the owners of the portfolios of state to be “make an effort far beyond what we have done previously to run public investment.”

Suarez Lopez has said that starting at a good pace, then in January they took 83% of investment planned for that month.

“On Monday we were with ministers representing 80% of public investment-to-peer reviewing how we do this year, and what we can do is engage the public investment ratio will be much higher than the levels we have had in the last 20 years, “Lopez Suarez promised.

These portfolios are: Public Works, Health, Education, Environment and Agriculture and FOVIAL, FISDL and Housing.

Gerson Martinez, Minister of Public Works, reported that in February came to bid $ 46 million this month and another $ 36 million.

In 2011, the execution of public investment reached 53% of the $ 1.200 million programmed.

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